Turquoise Hill Resources (TRQ) Given a C$5.25 Price Target at Scotiabank

Scotiabank set a C$5.25 price objective on Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) in a research report released on Wednesday morning. The brokerage currently has an outperform rating on the stock.

Separately, CIBC cut their price objective on Turquoise Hill Resources from C$6.00 to C$5.30 in a report on Friday, March 23rd.

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Shares of TRQ stock opened at C$3.91 on Wednesday. Turquoise Hill Resources has a fifty-two week low of C$3.25 and a fifty-two week high of C$4.52.

Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) last announced its quarterly earnings data on Thursday, March 15th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$319.68 million for the quarter. Turquoise Hill Resources had a return on equity of 2.31% and a net margin of 13.48%.

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About Turquoise Hill Resources

Turquoise Hill Resources Ltd. is an international mining company. The Company focuses on the operation and further development of the Oyu Tolgoi copper-gold mine in Southern Mongolia, which is the Company’s principal material mineral resource property. The Company’s Oyu Tolgoi mine is held through approximately 65% interest in Oyu Tolgoi LLC (Oyu Tolgoi) and the remaining approximately 35% interest is held by Erdenes Oyu Tolgoi LLC (Erdenes).

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